The Wonk Room

Tax Cuts For The Rich — Not Even Good For The Rich

2 Responses to “Tax Cuts For The Rich — Not Even Good For The Rich”

1. Mugsy Says:

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   On January 14, 2000, the DOW closed at a record 11,722. Eight years later, it has closed at just over 11,000 (up from 3,271.12 the day he took office in 1993).

   During the 2000 campaign, Republicans dismissed the Clinton economy, saying that “if THEY had been in charge, it would of been EVEN BETTER!”

   So the country gave them their chance. After 6 years of a Republican White House AND Republican controlled Congress, the stock market floundered, the National Debt doubled, bankruptcies skyrocketed and economic crisis ensued.

   If there are still any “Supply-side” defenders out there, they are the last of the Conservative ideologues, whose days are certainly numbered as more and more Americans wake up to the fact Conservative economics are a colossal failure where as “so-called Liberal” economics actually result in sustainable growth.

   July 13th, 2008 at 12:34 pm

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2. Mugsy Says:

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   Correction: “up from 3,271.12 the day he took office in 1993″ refers to Clinton, not Bush.

   July 13th, 2008 at 12:35 pm

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